Bill Gates fund adds €22.5m to Ireland's Ecocem low-carbon mix     

Money will enable the company to seek approval from EU regulators to roll out its new formulation and build new plants

Breakthrough Energy Ventures, the €1.6bn fund led by Bill Gates, has confirmed it has invested in Irish company Ecocem, which has been developing low-carbon cement for more than two decades.

Breakthrough Energy Ventures, the $2bn (€1.6bn) fund led by Bill Gates, has confirmed it has invested in Irish company Ecocem, which has been developing low-carbon cement for more than two decades.

Breakthrough Energy and its European arm invested €22.5m in Ecocem. The money will enable the company to seek approval from EU regulators to roll out its new formulation.